The insurer agrees to compensate the insurer in consideration of a sum of money is called

Related MCQs

• ……………………………….is the party who agrees to compensate the other person against possible losses
• _________ is a contract between two insures i.e. original insurer and another insurer.
• Insurance compensate losses
• ------------ is an anti money laundering measure specified in the prevention of money laundering act 2002.
• ………………………………………. Is a valid contract between the insured and the insurer
• Insurance is a written agreement between the insurer and the ………………………………
• ______ is an agreement whereby the insurer agreed to indemnity the insured against marine losses
• ________ means the transfer of all the rights and remedies available to the insured in respect of the subject matter to the insurer after indemnity has been effected.
• When a banks make an advance to lump sum, the whole of which is withdrawn in cashimmediately by the borrowers who undertakes to repaid it in installments, it is called
• -------------- is a person who became the possessor or payee of a negotiable instrument for a consideration.